... Pressure on Yen and Ruble By the end of the week, major currency pairs moved in different directions on the currency market. The US dollar recovered some ground after a decline in mid-July. The dollar index (DXY) settled near the 100-point mark. The dollar was supported by strong economic data and rising US bond yields, as investors reassessed expectations about the Fed's further actions. Positive surprises in the US economy – from a robust labor market to strong corporate earnings – reinforced the view that the Fed is unlikely to rush into rate cuts....

... is a vital indicator for traders, particularly as Europe and the U.S. face high seasonal energy demand. Monitor price fluctuations in natural gas futures. Currency Markets: The ECB’s decisions and U.S. inflation data will be key drivers of euro and dollar dynamics, influencing global currency strategies. Bond Markets: ECB forecasts and PPI data will impact bond yields in both Europe and the U.S., with implications for fixed-income investors. Consumer Sector: Corporate earnings from Costco and RH will provide insights into consumer behavior during the ...

... energy markets and inflationary trends in both Europe and the U.S. The U.S. CPI report will likely influence the Federal Reserve’s policy path, with high inflation readings potentially leading to further rate hikes. This could strengthen the U.S. dollar but increase pressure on equity and bond markets. In Europe, rising energy costs from OPEC-driven supply changes could challenge the ECB’s policy framework, while Adobe’s earnings report will shed light on the resilience of corporate IT spending. These developments underline the importance ...

... considering the impact of Trump's policies. If his economic moves prolong the period of high interest rates and at the same time increase inflation, this could reduce demand for gold as a safe haven asset, forcing investors to focus on short-term yields on bonds and other dollar assets. However, I would not take the current decline in gold prices as a sign of a long-term decline. Gold remains a key safe haven asset, and its price can quickly recover when the economic situation changes. In the context of possible geopolitical ...

... external shocks. This is particularly evident when analyzing the American market, where stock exchanges have consistently benefited from significant political stability since the 19th century. Economist Thomas Sowell points out, for instance, that one dollar invested in American bonds in 1801 would be worth over half a million dollars by 2004. However, while this indicates that gold may not be the best option for long-term investments, the fact remains that gold investments can serve as an excellent refuge during times of uncertainty....